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STIMULUS PACKAGE * USA - Obama signs law
Washington,DC, and Denver,COL,USA -Logistics Management,by Jeff Berman -17 Feb 2009: -- President Barack Obama officially signed the American Recovery and Reinvestment Act of 2009 into law today/last month, paving the way for the United States economy to get back on track. And the role of transportation infrastructure development figures significantly into the bill as a way to stimulate economic growth and job creation... The final version of the bill came in at $789 billion. The amount dedicated to transportation infrastructure investment is $64.1 billion, according to the House Committee on Transportation and Infrastructure... In terms of specific funding allocations dedicated to transportation infrastructure initiatives, highlights of the bill include:
- $27.5 billion for highway and bridge construction projects;
- $8.4 billion for mass transit, public transportation projects;
- $8 billion for high-speed rail project
- $1.3 billion for aviation projects;
- $4.6 billion for water infrastructure projects undertaken by the U.S. Army Corps of Engineers and $100 million for the Maritime Administration; and
- $1.5 billion for a discretionary program for large multi-modal and intermodal projects in the form of competitive grants to state and local governments for transportation investments—including highway, rail, transit, or port infrastructure.
Regardless of the final amount parsed out for transportation infrastructure, along with the outlay for highway and bridge construction projects, other monies will go towards modernizing existing transit systems, and improving intermodal facilities and public transportation equipment, among other areas...
Labels: Obama's Administration
posted by Unknown @ 5:45 PM
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